Semiconductor market in 1Q 2023: End of the steep fall, close to bottom

After few tumbles since 3rd quarter of 2022, did semiconductor market hit the bottom of the curve in the 1Q 2023? There are signs of hitting the bottom or just getting close to the bottom. In the second half 2023, demand is expected to gradually recover. With the semiconductor market started witnessing the downfall in the month of August 2022; it was a deep fall for many vendors who are too tied to personal computer and smart-phone market. Where as semiconductor vendors who are into industrial, aero/defence and automotive markets continue to earn near stable revenues with less than 5% drop in some cases. Here in this article, I try to bring out overall semiconductor market status and quarterly revenue growth/fall of some key semiconductor vendors in the first quarter of 2023. Overall Global semiconductor market: To share you the latest overall market data on semiconductors in the first quarter 2023; Semiconductor industry Association (SIA) reported global semiconductor industry sales totaled $41.3 billion during the month of January 2023, a decrease of 5.2% compared to the December 2022 total of $43.6 billion and 18.5% less than the January 2022 total of $50.7 billion. The downfall continued through month of February, where SIA reported global semiconductor industry sales totaled $39.7 billion during the month of February 2023, a decrease of 4.0% compared to the ...